, Columnist
What De-Dollarization? The Dollar Rules the World
Dollar hegemony is beneficial for the US, its government and most of its citizens — and is likely to last for the foreseeable future.
Only one of them is the global reserve currency.
Photographer: KIRILL KUDRYAVTSEV/AFPBy one estimate, the dollar is a part of 88% of all international transactions. Some people fear this dominance cannot last, while others question whether it should: Doesn’t a stronger dollar hurt US exports, and thus US workers?
The good news, for Americans at least, is that dollar hegemony is beneficial for the US, its government and most of its citizens. Furthermore, it is likely to last for the foreseeable future.